Why Lease With Us?

We know that hiring a property manager can seem like one extra expense, but there are a lot of benefits to having an expert on your side when leasing out your property. Some of those include:

• It saves time. Finding, screening and managing tenants is its own full-time job.
• It makes aspects of leasing more cost-effective. We know how to find great tenants, fast, and we have a dedicated network of trades for any maintenance issues.
• It’s an expert dedicated to your investment. We can handle all the legal paperwork, offer advice and manage your tenants so you don’t have to take on that risk yourself.

Essentially, hiring the right local property manager saves time, reduces stress and can help mitigate risk on your property.

There is no average rent to charge for a property in Australia, as every property is unique. The size, condition, type and location of a home will naturally change how much it’s ‘worth’ on the rental market, and the market itself will also have an impact.

That said, a common rule of thumb is that your rent should start somewhere around 1% of the property’s current value. But you must also factor:

• What similar properties are going for in your area.
• The condition and age of the property.
• Desirability of the neighbourhood for tenants.
• Estimated income of average tenants in your area.
• Nearby competition.

If you’re not sure how much your rental property is worth, contact us for a chat or get a free rental appraisal.

Rental properties come with a range of expenses that you must be aware of when factoring how much income you expect to make. Some of the common ones include:

• Property taxes and fees, such as council rates or body corporate fees.
• Insurance.
• Ongoing maintenance costs.
• Certain utilities fees, such as connection fees or shared costs.
• Advertising for tenants.
• Vacancies (i.e. periods with no tenant, and therefore no income).

In NSW, landlords must provide their properties to tenants in a ‘reasonably’ clean and fit state, and ensure the property is kept reasonably maintained. Or in other words, structural, plumbing, electrical or other similar issues are the landlord’s responsibility to repair or replace.

Tenants are generally required to perform minor repairs and maintenance tasks themselves if they cause damage, like scratches and small holes. Your rental agreement may also detail specific tasks which are yours or your tenants’ responsibilities.

This is a big area where an experienced property manager can take the stress off owning an investment property. You don’t need to know all the best tradesmen, or field calls all the time from tenants – we’ll do it for you.

While our team will do their best to minimise all risks associated with renting out your property, there will always be a degree of risk in any investment. These are some of the common ones associated with leasing a home:

• Vacancies. Periods without tenants generate cost without income.
• Tenant problems. Issues such as non-payment of rent, damage or legal disputes can cause hassle and limit a property’s profitability.
• Unexpected maintenance. Insurance will often cover some costs, but not all of them.
• Economic issues. Economic issues can harm a tenant’s ability to pay rent, or your ability to get tenants at all. It may also impact the property market, affecting prices.

Many of these can be mitigated with the right advice and due diligence, such as performing detailed market research and screening tenants thoroughly.